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Regulatory compliance is widely seen as a burden, but the EU's Digital Operational Resilience Act provides a useful framework for helping organizations achieve digital operational resilience, which is useful for all organizations wanting to remain secure while embracing digital transformation. Check out my latest Advisory Note to find out if your organization is covered by the DORA, and how to benefit from its requirements by following recommendations from KuppingerCole Analysts AG.

My colleagues Bradley Rees and Kevin Davies have used their deep expertise in organisational technology control frameworks to devise some incisive questions and considerations for firms in scope of the Digital Operational Resilience Act (DORA) to assess their maturity and readiness for compliance by the January 2025 deadline.#operationalresilience #dora

The Digital Operational Resilience Act will apply from 17 January 2025. There are several measures regulated firms should action in 2024 prior to its introduction. This update outlines the key action points Firms should address to prepare for its implementation. #DORA

Let us help you prepare for the upcoming Digital Operations Resilience Act (#DORA)! Keeping up with changes that DORA will bring to #EU financial service companies can be time consuming. But it’s possible to navigate and comply with these new requirements faster if you have the right guidance. That's why we wrote a whitepaper on how you can prepare. With our expert advice, your organization can use this as an opportunity to not just comply with DORA, but also mature your #ITOps Read what you missed in our whitepaper here:

Are you prepared for the transformative changes coming with the Digital Operational Resilience Act (DORA)? DORA applies to businesses providing financial or critical ICT services to organisations within the EU financial industry, impacting both EU and UK organisations. It will take effect in January 2025. Article 9, Section 2 states that “Financial entities shall design, procure and implement ICT security policies, procedures, protocols and tools that aim to ensure the resilience, continuity and availability of ICT systems, in particular for those supporting critical or important functions, and to maintain high standards of availability, authenticity, integrity and confidentiality of data, whether at rest, in use or in transit.“ [1]. The phrase “in use” is critical. Ensuring confidentiality of data while in use is a challenge that requires new technology. Klave conquers this by leveraging confidential computing. Our technology uses hardware-based trusted execution environments, protecting data and computations, delivering groundbreaking methods to protect data in use. This advanced solution guarantees top-tier privacy, integrity and accountability essential for financial sector operations. Klave is highly accessible. After years of research and development, we have streamlined the adoption of Confidential Computing, making it easy for any developer to adopt. Feel free to get in touch if you need to be DORA-compliant, and we will be happy to present how Klave can mitigate risks and restore stability to business operations. Learn more at: https://klave.com/ #ConfidentialComputing #TrustlessComputing #HonestComputing #DORA #DigitalOperationalResilienceAct #Regulation #EURegulation #DLT #TEE #DataPrivacy #DataProtection #FinancialSector #FinancialSecurity

Click to read our latest Delta Capita blog on Digital Operational Resilience. Learn about the challenges and strategies for compliance with DORA and how firms can effectively manage ICT-related disruptions. #operationalresilience #compliance #ICTriskmanagement

Preparing for DORA's Impact on Financial Services ⚖️ The imminent implementation of the Digital Operational Resilience Act (DORA) marks a pivotal shift in the regulatory landscape for financial services. As we stand on the cusp of this significant change, it is imperative for organisations within this sector to scrutinise not only the compliance requirements but also the strategic opportunities that DORA presents. Set to introduce comprehensive requirements by January 17, 2025. DORA encompasses five foundational pillars designed to enhance the digital operational resilience of the financial system: ICT Risk Management: Establishing robust risk management frameworks to identify, categorise, and mitigate ICT risks. Incident Reporting: Implementing mechanisms for immediate reporting of significant cyber and ICT-related incidents to ensure transparency and rapid response. Digital Operational Resilience Testing: Mandating regular testing to assess and improve the resilience of systems and networks against disruptions. ICT Third-Party Risk: Addressing risks associated with third-party service providers, including cloud services, through stringent oversight and contract management. Information and Intelligence Sharing: Encouraging the sharing of cyber threat intelligence and best practices within the financial sector to bolster collective defense. These pillars underscore the regulation's holistic approach, emphasising not just adherence but also the strategic advantage of enhanced digital resilience. For financial services organisations, this translates to a comprehensive review and enhancement of their digital operational resilience framework, aligning change portfolios with strategic goals more effectively than ever before. The journey toward DORA compliance necessitates a structured project approach, blending rigorous assessment with strategic foresight. As the deadline approaches, leveraging agile methodologies can offer the flexibility and responsiveness needed to navigate the evolving regulatory requirements. Stakeholder engagement is paramount, ensuring collective understanding and commitment towards not just ensuring compliance but also seizing the opportunity to enhance digital resilience and strategic positioning. Reflecting on these pillars, organisations must ask: How can we transform regulatory compliance into a strategic asset, fostering innovation and enhancing our competitive edge in the digital era? Ready to navigate the complexities of DORA with confidence? Sandpiper Consulting is your expert partner to Discover, Design and Deliver your regulatory projects, ensuring resilience, compliance, and strategic advantage. 🚀 #DORACompliance #FinancialServices #OperationalResilience #RegulatoryChange #DigitalTransformation #dora #banking #regulation

⏳ In one year, on January 17, 2025 the Digital Operational Resilience Act (DORA) will enter into force. By then financial entities must implement all requirements stemming from the Regulation 💶💳 Despite the seemingly long timeframe of one year, it's important to start preparations now. Proactive preparation is essential here! Find out more about DORA 👉 https://lnkd.in/du4e6YTx If you need help, we are ready to assist you in your journey towards full compliance. #dora #eu #digitalresilience #informationsecurity

The Digital Operational Resilience Act (DORA) is reshaping the financial sector, but compliance isn't without hurdles. From gaining executive buy-in to fostering collaboration, this comprehensive regulation demands strategic navigation. Discover the key challenges and actionable strategies for #DORA compliance. https://ow.ly/25Nn50QybX2 #OperationalResilience #FinancialSector #Compliance

In an interconnected world, digital resilience is crucial for navigating crises and safeguarding financial and security assets. The European Union (EU), comprising 27 countries and 450 million people, recognizes the significance of digital resilience and has introduced regulatory mandates to fortify and align the digital ecosystem. The latest addition to this landscape is the Digital Operational Resilience Act (DORA), alongside NIS2 and the Critical Entities Resilience Directive (CER), all effective since January 2023. This article explores the role of technology in responding to the DORA regulation and the opportunities it presents for organizations. https://ow.ly/FBjG30sCba0